Auf geht's
Tesla
Long

TSLA bullish outlook

Von TradersForecast
Aktualisiert
My previous TSLA idea (see related ideas) was bearish and TSLA went down ~16% (over 20% based on yesterday's close, I expected market to be up today, see related SPY idea). My TSLA idea before that (again, see related ideas) was bullish and TSLA went up 54%. Now TSLA looks bullish again based on pitchfork analysis, particularly on weekly chart.
Trade geschlossen: Ziel wurde erreicht
TSLA reached the pitchfork middle orange dotted line (on both daily and weekly). That is a point of possible reversal and while it may continue higher, a safe strategy is to exit here.
Anmerkung
Price is now 207.48 (from 173.49), that's almost 20% up
Trade geschlossen: Ziel wurde erreicht
as I said earlier on June 1st, exiting at that point was the safe strategy and TSLA could go higher. It did, now it starts to show stronger patterns of reversal, see the red circled pitchfork lines. There is a little of upper room on both daily and weekly charts but TSLA is getting closer to stronger pitchfork resistance lines. Price is now $248. Snapshot
Anmerkung
additional comments: on weekly the price already reached one of the pitchfork lines but there is a 2nd one close, a little higher. Additionally, RSI on weekly also reached a resistance pitchfork line.
Anmerkung
at this price (248) the profit is about 43%.
Anmerkung
See also my bearish SPY idea I posted earlier today:
SPY bearish - pitchfork analysis
Anmerkung
I posted a bearish TSLA idea, I expect TSLA will now fall (along with the market in general, I posted other bearish ideas as well). TSLA is now 260.54.
Anmerkung
TSLA reached the very top pitchfork line on both daily and weekly chart and now I do expect it will now fall Snapshot
PitchforksTesla Motors (TSLA)tslalong
TradersForecast
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